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$69,500

For Sale - Active
9915 N Blacksoil Ln, Peoria, IL 61615
3 Beds
0 Baths
1,108 Square Feet
0.00 Acres Lot
Built in 1949
For Sale - Active
Units n/a
Checked: 8 hours ago
Updated: May 05, 2025 at 03:38PM

Investment Summary


Monthly Cash Flow
$1,033
Cap Rate
17.8%
Cash-on-Cash Return
17.3%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
20.9%

Property Description


0.00 Acres Lot
Built in 1949
For Sale - Active
Units n/a

Huge, flat, Dunlap-district lot with 2 buildings in an awesome location. The house is a shell and, though the property is surrounded by homes that have electricity/water etc., the buyer will likely have to tap-into/bring the utilities onto the property, if desired, because their availability on the lot is unknown as is any information on whether or not it is connected to any kind of waste distribution such as sewer or septic etc. This property will likely not pass any traditional inspections for mortgage lenders so please run this by your lender before viewing. Buyer will be responsible for removing all remaining personal property. This property is being sold AS IS where is.

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Location


Property Details


Parking

  • Details: Detached
  • Garage Spaces: 4
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 0
  • # of Baths (Total): 0.0

Interior Features

  • # of Stories: 1
  • Basement Description: None

Exterior Features

  • Foundation: Block
  • Roof Material: Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0931229024
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1949

Tax Information

  • Annual Tax: $850

Utilities

  • Heating: None

Location

  • County: Peoria

Listing Details


Listed by:
Pam J Skehan
Jim Maloof Realty, Inc.
(309) 208-7776

Source:
RMLS Alliance
MLS#: PA1257490
RMLS Alliance

Investment Summary


Monthly Cash Flow
$1,033
Cap Rate
17.8%
Cash-on-Cash Return
17.3%
Debt Coverage Ratio
n/a
Internal Rate of Return (5 years)
20.9%

Purchase Details

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Purchase price:
$69,500
Amount financed:
$0
Down payment:
$69,500
Closing costs:
$2,085
Rehab costs:
$0
Initial cash invested:
$71,585
Square feet:
1,108
Cost per square foot:
$63
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$0

Financing is not included in this analysis because the purchase price is under $75,000. Most lenders have minimum loan amounts and typically do not provide financing for properties below this threshold. However, if you’d like to include financing, you can customize the value through the Customize Inputs tab.

Operating Income

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% Rent Monthly Yearly
Gross rent:
$1,600 $19,200
Vacancy loss: (6%)
6% -$96 -$1,152
Operating income:
$1,504 $18,048

Operating Expenses


% Rent Monthly Yearly
Property taxes: (4%)
4%-$71-$851
Insurance: (7%)
7%-$112-$1,344
Property management: (8%)
8%-$128-$1,536
Repairs & maintenance: (5%)
5%-$80-$960
Capital expenditures: (5%)
5%-$80-$960
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (29%)
29%-$471-$5,651

Cash Flow


Monthly Yearly
Net operating income:
$1,033 $12,396
Mortgage payments:
$0 $0
Cash flow:
$1,033 $12,396